Paul Griscom Sells 10,077 Shares of Macy’s (NYSE:M) Stock

Macy’s, Inc. (NYSE:M) SVP Paul Griscom sold 10,077 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total value of $258,273.51. Following the sale, the senior vice president owned 25,373 shares of the company’s stock, valued at $650,309.99. This trade represents a 28.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Paul Griscom also recently made the following trade(s):

• On Monday, April 6th, Paul Griscom sold 745 shares of Macy’s stock. The shares were sold at an average price of $17.92, for a total transaction of $13,350.40.
• On Wednesday, April 1st, Paul Griscom sold 490 shares of Macy’s stock. The stock was sold at an average price of $18.08, for a total transaction of $8,859.20.

Macy’s Trading Up 1.0%

Shares of NYSE:M opened at $25.97 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. Macy’s, Inc. has a 52-week low of $11.15 and a 52-week high of $26.10. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 10.73 and a beta of 1.48. The business has a 50-day moving average price of $21.41 and a 200-day moving average price of $20.88.

Macy’s (NYSE:M) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same period last year, the business earned $0.16 earnings per share. Macy’s’s quarterly revenue was up 1.8% on a year-over-year basis. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Equities analysts predict that Macy’s, Inc. will post 2.16 EPS for the current year.

Macy’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.1915 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.77 dividend on an annualized basis and a yield of 3.0%. Macy’s’s dividend payout ratio (DPR) is 31.82%.

Wall Street Analyst Weigh In

M has been the subject of several recent research reports. Evercore set a $22.00 price target on Macy’s in a report on Thursday, June 4th. TD Cowen boosted their target price on Macy’s from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. Citigroup upped their target price on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. UBS Group reiterated a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. Finally, Telsey Advisory Group upped their price target on Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Macy’s currently has an average rating of “Reduce” and an average target price of $20.80.

Hedge Funds Weigh In On Macy’s

Institutional investors have recently made changes to their positions in the business. Strengthening Families & Communities LLC acquired a new stake in shares of Macy’s during the fourth quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new stake in Macy’s in the fourth quarter valued at $29,000. Smartleaf Asset Management LLC boosted its stake in Macy’s by 51.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after acquiring an additional 526 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Macy’s by 35.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after acquiring an additional 486 shares during the last quarter. Finally, CoreCap Advisors LLC grew its holdings in Macy’s by 7,265.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock worth $52,000 after acquiring an additional 2,325 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy’s Company Profile

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.